“Are you gonna pay for you food, fuel or mortgage?” asks Hampden County Register of Deeds Donald Ashe.
That’s the question plaguing homeowners across Hampden County. In the past 12 months 1,027 foreclosures were filed, the most in the county’s almost 200 year history. But Ashe says rising fuel and food costs aren’t entirely to blame. [...]
The highest rates of foreclosures in metropolitan Phoenix have moved from the farthest flung suburbs to neighborhoods closer into the area, particularly some in south, west and central Phoenix.
That’s according to an Arizona newspaper’s analysis of real-estate data from the Information Market.
When foreclosures started to climb last summer, the highest rates of home defaults were [...]
Davis Homes, one of Central Indiana’s largest neighborhood developers and homebuilders will stop its normal business operations on July 23 due to a severe downturn in the housing market. Started in 1985, the local, family-owned company built more than 12,000 homes in more than 80 neighborhoods across Central Indiana but was hit hard by the [...]
Asante’s homebuyers program refunds up to 66% of the buyer’s agent’s commission empowering buyers to find their home, either online or through open houses. For a $600,000 home, the buyer gets up to $12,000 back upon the close of escrow. Asante’s full-service at a fair price value proposition makes a huge financial difference for home [...]
The highest 30-year mortgage rates in a year eroded demand for U.S. home loan applications last week, according to an industry trade group on Wednesday.
The Mortgage Bankers Association’s seasonally adjusted application index dropped 6.2% in the week ending July 18 to 489.6, with a 6.59% 30-year mortgage rate depressing applications for purchases and refinancing.
Average [...]
The Real Estate Group’s July Manhattan Rental Market Report, released today, suggests that landlords with large building portfolios can’t resist raising rents, even in a weak market. Doorman unit inventory continues to increase, and prices have followed. Defying traditional laws of supply and demand, the Manhattan rental (http://www.tregny.com/) market has sparked much confusion this month.
“The [...]
The real estate market in Chester County had mixed results in the first half of 2008.
Median home prices remained steady at $310,000, the highest in the five-county Philadelphia area and the same as its mid-mark in 2007.
Meanwhile, far fewer homes sold in the county during the period compared to the first half of 2007, and [...]
With the year half over, it’s time to take the pulse of office and industrial real estate.
Yes, there’s a pulse, but it’s growing a bit erratic.
Downtown Chicago’s market for office space looks healthy. According to the global real estate service firm UGL Equis Corp., 12.4 percent of downtown office space was vacant in the second [...]
A Bush administration plan to support Fannie Mae and Freddie Mac could cost U.S. taxpayers $25 billion, congressional analysts said on Tuesday in a report that fueled debate as Congress took steps to approve a housing market rescue package.
The report sparked fresh declines in the value of the Fannie and Freddie shares that have already [...]
More than three-quarters of Irish real-estate agents don’t expect an improvement in housing-market activity over the next 12 months, NCB Stockbrokers reported, citing a survey.
Forty-nine percent of those surveyed expect the property market to remain the same, while 29 percent expect a decline, Dublin-based NCB said in a report today. Twenty-two percent expect an improvement.
“Tighter [...]